Orion Marine: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Orion Marine Group Inc. (ORN) on Wednesday reported a loss of $255,000 in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, came to 14 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.
The heavy civil marine contractor posted revenue of $182.5 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $179.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORN at https://www.zacks.com/ap/ORN